CSG Systems International (NASDAQ:CSGS) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of CSG Systems International (NASDAQ:CSGS) from a hold rating to a sell rating in a research note issued to investors on Friday, BidAskClub reports.

Other analysts have also issued research reports about the company. B. Riley set a $58.00 price objective on CSG Systems International and gave the company a buy rating in a research note on Friday, August 23rd. Zacks Investment Research lowered CSG Systems International from a buy rating to a hold rating in a research note on Friday, November 22nd. ValuEngine lowered CSG Systems International from a hold rating to a sell rating in a research note on Tuesday. Finally, Sidoti lowered CSG Systems International from a buy rating to a neutral rating in a research note on Monday, August 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $61.00.

CSGS traded down $0.03 during midday trading on Friday, hitting $55.22. The stock had a trading volume of 158,551 shares, compared to its average volume of 246,936. The company has a market cap of $1.83 billion, a P/E ratio of 18.27 and a beta of 1.03. The business has a fifty day moving average of $55.78 and a 200 day moving average of $51.59. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.70 and a current ratio of 1.70. CSG Systems International has a 1 year low of $30.40 and a 1 year high of $58.69.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, October 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The business had revenue of $235.05 million during the quarter, compared to analyst estimates of $229.33 million. CSG Systems International had a return on equity of 26.74% and a net margin of 8.20%. CSG Systems International’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. On average, equities research analysts anticipate that CSG Systems International will post 2.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, December 2nd. CSG Systems International’s dividend payout ratio (DPR) is presently 34.10%.

Large investors have recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of CSG Systems International during the third quarter valued at approximately $25,000. Campbell & CO Investment Adviser LLC bought a new position in shares of CSG Systems International during the third quarter valued at approximately $279,000. Russell Investments Group Ltd. raised its holdings in shares of CSG Systems International by 27.4% during the second quarter. Russell Investments Group Ltd. now owns 13,259 shares of the technology company’s stock valued at $647,000 after acquiring an additional 2,853 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of CSG Systems International by 6.2% during the second quarter. UBS Asset Management Americas Inc. now owns 18,237 shares of the technology company’s stock valued at $891,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of CSG Systems International by 12.2% during the third quarter. Nisa Investment Advisors LLC now owns 19,890 shares of the technology company’s stock valued at $1,028,000 after acquiring an additional 2,170 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

About CSG Systems International

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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